Alps Advisors Inc. reduced its stake in Valero Energy Partners LP (NYSE:VLP) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,043 shares of the pipeline company’s stock after selling 1,496 shares during the period. Alps Advisors Inc.’s holdings in Valero Energy Partners were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VLP. Signaturefd LLC purchased a new position in Valero Energy Partners in the 1st quarter worth approximately $151,000. GSA Capital Partners LLP purchased a new position in shares of Valero Energy Partners during the first quarter valued at approximately $202,000. Raymond James & Associates purchased a new position in shares of Valero Energy Partners during the fourth quarter valued at approximately $203,000. Botty Investors LLC increased its stake in shares of Valero Energy Partners by 588.5% during the first quarter. Botty Investors LLC now owns 5,859 shares of the pipeline company’s stock valued at $208,000 after buying an additional 5,008 shares during the period. Finally, Eagle Global Advisors LLC purchased a new position in shares of Valero Energy Partners during the first quarter valued at approximately $236,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Partners opened at $37.90 on Tuesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 5.48, a quick ratio of 3.37 and a current ratio of 3.37. Valero Energy Partners LP has a twelve month low of $33.25 and a twelve month high of $48.66. The company has a market cap of $2.65 billion, a P/E ratio of 13.71, a PEG ratio of 1.22 and a beta of 0.82.

Valero Energy Partners (NYSE:VLP) last released its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Valero Energy Partners had a return on equity of 114.77% and a net margin of 46.87%. The company had revenue of $134.63 million for the quarter, compared to analyst estimates of $132.71 million. During the same period in the previous year, the company posted $0.69 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. research analysts predict that Valero Energy Partners LP will post 2.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Friday, August 3rd will be given a dividend of $0.551 per share. The ex-dividend date is Thursday, August 2nd. This is a positive change from Valero Energy Partners’s previous quarterly dividend of $0.53. This represents a $2.20 annualized dividend and a dividend yield of 5.82%. Valero Energy Partners’s payout ratio is currently 79.42%.

Several equities analysts have recently issued reports on VLP shares. Jefferies Financial Group reissued a “$38.75” rating and set a $46.00 target price on shares of Valero Energy Partners in a research note on Wednesday, July 18th. SunTrust Banks set a $46.00 target price on Valero Energy Partners and gave the company a “buy” rating in a research note on Monday. Deutsche Bank started coverage on Valero Energy Partners in a research note on Thursday, April 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays reduced their target price on Valero Energy Partners from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 17th. Finally, ValuEngine raised Valero Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Valero Energy Partners has a consensus rating of “Hold” and a consensus price target of $46.94.

About Valero Energy Partners

Valero Energy Partners LP owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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Institutional Ownership by Quarter for Valero Energy Partners (NYSE:VLP)

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